Tag: financial planning
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Common Retirement Fears That Keep A Lot of People Up at Night
Is the mere thought of retirement giving you sleepless nights? Well, you are not alone. According to a recent survey conducted by Bankrate, 36% of Americans are losing sleep over financial concerns. The life expectancy is high in the U.S., a baby boomer is expected to live for an average of 78 years. These statistics ... -
How Do You Plan to Save for Your Child’s College?
Savings are a great way to ensure that your future remains stable and secure. When we talk about future savings, we often neglect planning for a very important event, i.e. college. With the increasing debt of student loans, planning for education funds is an important part of today’s economy. But surprisingly, according to a survey, ... -
Why Plan Now for Retirement?
If you are tired of working now, just imagine how hard it will be to go back to work when you run out of money during retirement. Even in your 70s and 80s, you would still want to travel, eat out, and have a place to call home. But unlike a steady salary that you ... -
How Much Insurance Do You Need?
Insurance is a sensible way to infuse cash into your account for dealing with the adverse consequences of life. The agreement provides financial protection not only during your lifetime but even beyond. Buying an insurance policy can be seen as a sinecure. However, there are considerations you need to take note of before picking the ... -
5 Financial Planning Tips for a Happy and Prosperous Future
It is never too late to start planning for a better and more prosperous financial future. Financial planning doesn’t always have to be complicated. In fact, handling finances efficiently is something that everyone should know how to do. Unfortunately, this is not the case with most Americans. Financial tips that can help secure your future ... -
All About Withdrawing Retirement Funds
There are several ways to save money for retirement. You can invest in mutual funds, open a savings account, a 401(k) retirement account, etc. But if you fail to strategize your withdrawals for each of your savings methods, you could end up losing a major chunk of your money to taxes and penalties. While everyone ... -
6 Things to Know About A Trust-Based Estate Plan
Estate planning can seem tricky. It is a big responsibility to ensure that your descendants are secure and content when you are not around anymore. It is also important to make sure that your hard-earned assets are not wasted away in taxes and land up in good hands. Apart from the fact that estate planning ... -
Itemized Deductions: A Beginner’s Guide
Margaret Mitchell wrote in her bestselling novel, Gone with the wind, “Death and taxes, there’s never any convenient time for any of them.” We can safely assume that nobody likes to pay tax as they tend to take away a lot of our earnings. But what if there was a way to save up on ... -
5 Tips for Tax-Efficient Portfolio Management
When it comes to an investment portfolio, risk and return are the two primary factors that you need to consider. However, in addition to these, another important factor that is worth considering is tax. Taxes cut into the returns that are received on your investments. So, it is imperative to pursue tax efficiency in any ... -
Tips to Improve Your Financial Literacy
In this day and age, many Americans, especially younger adults, can be classified as ‘financially illiterate’. A study conducted in the recent past states that nearly two-thirds* of Americans can’t pass a basic financial literacy test. Most of these people don’t know how to manage their finances because they were never taught how to do ...